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Sep 08 - 03:55 PM

EUR/USD - Shorts Lose Some Traction Due To US Interest Rate Moves

By Christopher Romano  —  Sep 08 - 01:48 PM
  • Risk-off drives US$, yen buys & send stocks commodities lower overnight

  • EUR/USD falls in Europe am, NY opens near 1.1815, pair lifts early

  • Early bounce fades as US$ buying persists, 1.1802 trades on EBS

  • US$, yen buying abates, stocks & commodities bounce off their lows

  • EUR/USD rallies sits near 1.1825 late but is still down on the session

  • Bounce off 50-DMA, long lower wick on daily candle are encouraging for longs

  • ECB risk looms, inflation rhetoric could get investor focus nL1N2QA1M3

  • For more click on FXBUZ

eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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